All Raise hires its first CEO to support female founders
All Raise, the non-profit organization founded by 34 of the most powerful women in Venture Capital, has hired Pam Kostka as its first CEO. The organization is looking to garner more support in terms of cash and plans to hire 5 to 6 people in the near future.
The organization was founded with the goal to double the capital going to female founders in five years and double the representation of female VCs in 10 years. According to their website, just 12% of US venture dollars in 2018 went to teams with a female founder and only 11% of decision makers at US venture capital firms are women.
In an interview with TechCrunch, Kostka said: "So right now we’re focused on both the funders and the founders, and providing all kinds of programs, initiatives, education and outreach that really helps women in these two communities rise, but that also brings these two communities together in more meaningful ways. That’s what the short-term focus is and there are lots of things that we’re considering for the long term. This year, you’ll see a lot of the work that was invested in 2018 come to fruition and be exposed."
All Raise is currently looking for office space in San Francisco.
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